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These offers invite other parties to be part of the contract if interested. Second element of contract specifies that valuable consideration must be made for a contract being called it a binding. Consideration is the value which convinces other party that they are interested to enter the contract. Third element of contract stands valid only when the offer is accepted as it was offered initially excluding conditionality (Burton, 2009). In case of conditionality the contract goes back to first stage as counter offer and after negotiations the contract again is bound to be accepted by both parties. Finally, for a contract to be binding, mutual acceptance by both parties is necessary. Both parties must understand the legal relations and legal consequences.
The doctrine of objective theory of contracts supports the argument that contract is determined to be valid by reference to external acts and indices, not by the internal intentions or subjective meetings. It further states that a contract agreement is liable to binding on what is communicated rather what is thought of it (Turner, 2005). In this regard contract only exists legally significant by external acts of the party not by the intent. The objective expression of intent of one party in objective theory is considered from the vantage point by being reasonable to manifestations and this theory of contract is prodigiously accepted in common law authorities. Objective theory of contracts states that contract is a matter of evidentiary practicality which confirm that a contract cannot be a something like fairy tale which is far beyond pragmatism. This doctrine supports the fact of fairness, protection, freedom and autonomy of contract under which philosophical and catchy keystrokes can be announced justified.
Objective Theory of contract certainly apply to this case declaring it as a matter of impracticality and expression of intent as vantage and philosophical
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This paper outlines an experimental methodology to ascertain the amount of Vitamin C in different commercially available soft drinks. In order to determine the amount of Vitamin C present in a new range of soft drinks and comparing the Vitamin C content of different soft drinks, titration can be carried out.
It will also focus on comparing the perfect market with monopolistic market and the assumptions related to such market i.e. number of firms in the market, types of products offered by each firm, entry and exit to the industry and firm’s influence over price.
So analysis of the situations is quite important in greater functioning of the firm. This is can be supplemented with idea of profitability of the business venture. To understand the functioning of the firm with respect to market trends and analysis, industry analysis is very important and critical.
The human resource policies and procedures practiced in Selfridge and Company would be studied in respect of the store at Trafford Park. The author also analyzes the leadership and management styles at Selfridge and the role of team leaders and equal opportunities and diversity policy as well.
On the other hand, Regions Best provides an EAR of 14%. Therefore, it is clear that the cost of financing is lesser for National first and AirJet should choose them as their financiers.
In accordance with the above calculation, the company has made the right
Was that valid?
1. Competent Parties. Every legal contract must be drawn between two competent parties, also known among some as capacity. A person must not be mentally or physically handicapped (such as in a coma)
Financial statements record financial data over a financial year/period. Financial analysis is therefore a method of evaluating the performance of the business at hand (Studenmund, 2011). A variety of methods are employed in the financial statement analysis among them
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